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Toyota Motors (Thailand) ordered to pay ฿10bn in outstanding import taxes and fees

Toyota Motors (Thailand) ordered to pay ฿10bn in outstanding import taxes and fees

13 Sept 08:26 Key points summarised by AI
  • The Thai Supreme Court upheld an order for Toyota Motors (Thailand) to pay ฿10 billion in customs duties and fees for imported Prius parts between 2010-2012.
  • The court ruled that the imported parts were complete and not eligible for the claimed 80% import duty reductions under the Japan Thailand Economic Partnership Agreement (JTEPA).
  • Toyota Motors (Thailand) stated it would study the verdict and comply with the court's decision, affirming its commitment to operating in Thailand according to local laws.
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